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Bitcoin nears $87K resistance amid bullish signals and easing rate hike fears.

Market News
05 Oct 2026, 19:10 WIB
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Bullish
Bitcoin nears $87K resistance amid bullish signals and easing rate hike fears.

Bitcoin traded around $86,100, close to its $87,354 resistance level, supported by positive macroeconomic signals and a strong technical setup including a second "golden cross" on its daily chart. The recent weak U.S. jobs report reduced expectations for further Federal Reserve rate hikes, boosting risk assets like Bitcoin and stocks. Bitcoin's market cap stands at $1.73 trillion, with the broader crypto market at $2.94 trillion. Investors are optimistic ahead of key upcoming events, including Fed meeting minutes and CPI data, which could influence Bitcoin's next move.

Following Bitcoin's recent technical milestone of a second golden cross, the cryptocurrency trades at Rp1.524.245.371 on Pluang as of Oct 05, 2026 23:25 WIB, showing a slight 0.04% decrease over the past day. The market cap on Pluang stands at Rp30.711,03 trillion with a 24-hour trading volume of Rp515,34 trillion. Investor sentiment on the platform leans strongly bullish, with 84% of order activity on Bitcoin being buy orders and a typical holding period of 111 days.

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